Air Products and Chemicals, Inc. $APD Stock Position Lowered by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc decreased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 8.8% in the first quarter, HoldingsChannel reports. The firm owned 27,652 shares of the basic materials company’s stock after selling 2,682 shares during the period. Marks Group Wealth Management Inc’s holdings in Air Products and Chemicals were worth $8,032,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cary Street Partners Financial LLC raised its stake in Air Products and Chemicals by 2.2% during the 4th quarter. Cary Street Partners Financial LLC now owns 1,616 shares of the basic materials company’s stock valued at $399,000 after purchasing an additional 35 shares during the period. Revisor Wealth Management LLC boosted its position in shares of Air Products and Chemicals by 0.8% in the first quarter. Revisor Wealth Management LLC now owns 4,545 shares of the basic materials company’s stock worth $1,320,000 after buying an additional 36 shares during the period. StoneX Group Inc. grew its holdings in shares of Air Products and Chemicals by 1.3% during the fourth quarter. StoneX Group Inc. now owns 2,787 shares of the basic materials company’s stock valued at $688,000 after buying an additional 36 shares in the last quarter. CYBER HORNET ETFs LLC grew its holdings in shares of Air Products and Chemicals by 6.1% during the fourth quarter. CYBER HORNET ETFs LLC now owns 642 shares of the basic materials company’s stock valued at $159,000 after buying an additional 37 shares in the last quarter. Finally, Dakota Community Bank & Trust NA raised its position in Air Products and Chemicals by 5.3% during the fourth quarter. Dakota Community Bank & Trust NA now owns 756 shares of the basic materials company’s stock valued at $187,000 after buying an additional 38 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Air Products and Chemicals from $310.00 to $330.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. UBS Group upped their target price on Air Products and Chemicals from $307.00 to $316.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Berenberg Bank set a $350.00 price target on shares of Air Products and Chemicals and gave the stock a “buy” rating in a research report on Monday, April 20th. Mizuho set a $345.00 price target on shares of Air Products and Chemicals in a report on Friday, May 1st. Finally, Royal Bank Of Canada boosted their price objective on shares of Air Products and Chemicals from $338.00 to $341.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and an average target price of $325.82.

Air Products and Chemicals Price Performance

APD opened at $293.79 on Thursday. The stock has a fifty day moving average price of $289.75 and a 200 day moving average price of $283.32. The company has a current ratio of 1.43, a quick ratio of 1.21 and a debt-to-equity ratio of 0.95. Air Products and Chemicals, Inc. has a 1 year low of $229.11 and a 1 year high of $314.87. The stock has a market cap of $65.42 billion, a price-to-earnings ratio of 31.09, a PEG ratio of 2.72 and a beta of 0.73.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, April 30th. The basic materials company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.06 by $0.14. Air Products and Chemicals had a return on equity of 16.11% and a net margin of 16.91%.The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period in the prior year, the firm posted $2.69 EPS. The business’s revenue was up 8.8% compared to the same quarter last year. Air Products and Chemicals has set its FY 2026 guidance at 13.000-13.250 EPS and its Q3 2026 guidance at 3.250-3.350 EPS. Analysts forecast that Air Products and Chemicals, Inc. will post 13.22 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Wednesday, July 1st will be given a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, July 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 76.61%.

Insiders Place Their Bets

In other Air Products and Chemicals news, CFO Melissa N. Schaeffer sold 2,714 shares of Air Products and Chemicals stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $303.76, for a total value of $824,404.64. Following the completion of the sale, the chief financial officer directly owned 14,212 shares in the company, valued at $4,317,037.12. The trade was a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.88% of the company’s stock.

About Air Products and Chemicals

Air Products and Chemicals, Inc is a global supplier of industrial gases and related equipment and services, headquartered in Allentown, Pennsylvania. The company produces and delivers atmospheric gases such as oxygen, nitrogen and argon, as well as specialty and process gases used across a wide range of industrial applications. Air Products designs, builds and operates gas production facilities, merchant distribution networks and on-site gas systems for customers that require reliable, high-purity gases and integrated supply solutions.

The company’s product and service portfolio includes packaged and bulk gas supply, pipeline distribution, on-site generation, gas handling and storage equipment, and engineered systems for gas liquefaction and purification.